Announced Mon, 29 Jun · 16:38 IST
L.K. Mehta Polymers to set up wholly owned green energy subsidiary
Strategic Transactions View source PDF
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
L.K. Mehta Polymers board approved incorporating a wholly owned subsidiary named L.K. Mehta Green Private Limited to enter green and renewable energy, including solar, wind, bio-energy, recycling and sustainable technologies. Company will subscribe Rs 1 lakh (10,000 equity shares of Rs 10 each) for 100 percent stake. Move is part of business diversification into the renewable energy sector.
Likely market impact
Positive diversification signal; small investment size limits immediate financial impact but opens a new growth avenue in green energy.